Developer’s Minimum Load Fee. With respect to the Developer’s Minimum Load, the Developer shall be obligated to pay its pro rata portion of the Total Project Costs based on the relation that the Developer’s Minimum Load bears to the total capacity of the Substation in MVA in accordance with the following formula (the “Developer’s Minimum Load Fee”): = ( ) + ′ 2 = ( $22,869,000) + $1,358,000 = $6,440,000 Where:
Appears in 1 contract
Sources: Substation Agreement
Developer’s Minimum Load Fee. With respect to the Developer’s Minimum Load, the Developer shall be obligated to pay its pro rata portion of the Total Project Costs based on the relation that the Developer’s Minimum Load bears to the total capacity of the Substation in MVA in accordance with the following formula (the “Developer’s Minimum Load Fee”): 𝐷𝑒𝑣𝑒𝑙𝑜𝑝𝑒𝑟 𝑠 𝑀𝑖𝑛𝑖𝑚𝑢𝑚 𝐿𝑜𝑎𝑑 𝐹𝑒𝑒 = (𝐹 𝑥 𝑇𝑆) + 𝑇𝐷 ′ 2 𝐷𝑒𝑣𝑒𝑙𝑜𝑝𝑒𝑟 𝑠 𝑀𝑖𝑛𝑖𝑚𝑢𝑚 𝐿𝑜𝑎𝑑 𝐹𝑒𝑒 = ( ) + ′ 2 = ( 𝑥 $22,869,000) + $1,358,000 = $6,440,000 Where:
Appears in 1 contract
Sources: Substation Agreement